Meta EPS $6.43 versus $5.21 estimate. Revenues $42.31B versus $41.36B estimate

Meta announced better-than-expected earnings and revenues:

• EPS $6.43 versus $5.21 estimate.
• Revenues $42.31B versus $41.36B estimate
• Advertising revenue $41.39 billion versus $40.55 billion
• Guide to two revenues $42.5 billion – $45.5 billion versus $44.41 billion estimate
• Lower FY total expenses forecast to $113 billion – $118 billion from $114 billion – $119 billion.

Shares of Meta are trading up $27 or 4.99% at $577.

This article was written by Greg Michalowski at www.forexlive.com.